Bitcoin-backed loans hit Wall Street — sub-prime-style incentives, but with liquidation triggers

CryptoSlate · 2026-02-20
Bitcoin-backed loans hit Wall Street — sub-prime-style incentives, but with liquidation triggers

Ledn's $188 million securitization marks the moment Bitcoin-backed consumer credit started looking like mainstream asset-backed debt. Ledn Issuer Trust 2026-1 packages 5,441 fixed-rate balloon loans into rated, tradable notes with investment-grade and subordinated tranches, custody arrangements, liq